Bannari Amman Spinning Mills Rights Issue Price, Date and Others Details

Bannari Amman Spinning Mills ANNOUNCED  RIGHT ISSUE OF UP TO 3.33 crores PARTLY PAID-UP EQUITY SHARES OF FACE VALUE OF ₹5/-EACH AT A PRICE OF ₹30/-PER EQUITY SHARE (INCLUDING A PREMIUM OF ₹25/-PER EQUITY SHARE (“RIGHTS EQUITY SHARES”) FOR  AN AMOUNT UP TO ₹100 Crores ON A RIGHTS BASIS TO THE ELIGIBLE EQUITY SHAREHOLDERS OF Bannari Amman Spinning Mills (“THE COMPANY” OR THE “ISSUER”) IN THE RATIO OF 1 RIGHTS EQUITY SHARES FOR EVERY 20 FULLY PAID-UP EQUITY  SHARES HELD BY SUCH ELIGIBLE EQUITY SHAREHOLDERS ON THE RECORD DATE, i.e. ON September 09, 2021.

    Bannari Amman Spinning Mills Rights Issue

    Bannari Amman Spinning Mills Right Issue Detail

    Issue Open Sep 20, 2021 – Oct 04, 2021
    Security Name Bannari Amman Spinning Mills
    Issue Size (Shares) 3.33 Crores
    Issue Size (Amount) ₹100 Crores
    Issue Price ₹30 per share
    Face Value ₹5 per share
    Minimum Lot size 1
    Market Lot 1 per share
    Listing At BSE & NSE
    Terms of Payment The full amount of Rs.30 per Rights Equity
    Share is payable on the Application. 
    Entitlement 1 Rights Equity Share for every 20 Equity
    Shares held on the Record Date

    Bannari Amman Spinning Mills Right Issue Time Table

    Bid/Offer Opens On Sep 20, 2021
    Bid/Offer Closes On Oct 04, 2021
    Record Date Sep 09, 2021
    Deemed Date of Allotment Oct 11, 2021

    Bannari Amman Spinning Mills Detail

    Particulars For the year/period ended (₹ in Million)
    31-Mar-20 31-Mar-19
    Total Assets 0 0
    Total Revenue 0 0
    Profit After Tax 0) 0

    About Bannari Amman Spinning Mills

    Bannari Amman Spinning Mills Limited, is a vertically integrated textile company engaged in the manufacture of cotton yarn, woven and knitted fabrics, finished garments, home textiles, and wind power generation. The company was incorporated in the year 1989 and issued shares to the public in the year 2007. The company shares its roots with the Bannari Amman group of companies which has diverse interests spanning various industries in South India.
    Incorporated in 1989, Bannari Amman Spring Mills offers a wide spectrum of manufacturing, trading, distribution, and service-related activities in sectors like textiles, food processing, automobile distribution, etc. The company’s product categories cater to various segments of the textile industry such as – Spinning, Weaving, Knitting, Processing, garments, Home Textiles, Windmills, and Retail.
    The company’s strict compliance with the internal quality control and international standards of quality has enabled them to expand its operations internationally. The company has nine manufacturing units, all based out of Tamil Nadu in India.

    Bannari Amman Spinning Mills Issue Documents

    Bannari Amman Spinning Mills Right Issue Registrar

    LINK INTIME INDIA PRIVATE LIMITED
    C-101,1st Floor, 247 Park,
    Lal Bahadur Shastri
    Marg,Vikhroli (West) Mumbai – 400083

    Bannari Amman Spinning Mills Right Issue Lead Manager

    1) Saffron Capital Advisors Private Limited

    Bannari Amman Spinning Mills Rights Issue FAQs

    1. When is Bannari Amman Spinning Mills Rights Issue coming?

      The Bannari Amman Spinning Mills Rights Issue opens on Sep 20, 2021, and closes on Oct 04, 2021.

    2. What is the schedule for Bannari Amman Spinning Mills Rights Issue?

      Bannari Amman Spinning Mills Rights Issue Schedule

      Last Date for credit of Rights Entitlements Sep 17, 2021
      Last Date for renunciation of Rights Entitlements Sep 28, 2021
      Issue Opening Date Sep 20, 2021
      Issue Closing Date Oct 04, 2021
      Date of Allotment (on or about) Oct 11, 2021
      Date of Credit (on or about) Oct 13, 2021
      Date of Listing (on or about) Oct 14, 2021
    3. What is the issue price for Bannari Amman Spinning Mills Rights Issue?

      Bannari Amman Spinning Mills Rights Issue price is set at ₹30 per share per equity share.

    4. In what ratio is the Bannari Amman Spinning Mills Rights Issue offered?

      The eligible shareholders are being offered 1 Rights Equity Share for every 20 Equity Shares held on the Record Date (Sep 09, 2021).

    5. What is the record date for Bannari Amman Spinning Mills Rights Issue?

      The record date for the Bannari Amman Spinning Mills Rights Issue is Sep 09, 2021.

    6. What is the issue size of Bannari Amman Spinning Mills Rights Issue?

      The issue size of Bannari Amman Spinning Mills Rights Issue is of  Crores equity shares at ₹30 per share aggregating up to ₹100 Crores.

    7. Where can I get the Letter of Offer for Bannari Amman Spinning Mills Rights Issue?

      The Letter of Offer for Bannari Amman Spinning Mills Rights Issue can be download here.

    8. How to apply for Bannari Amman Spinning Mills Rights Issue?

      You can apply for Bannari Amman Spinning Mills Rights Issue in two ways:

      1. Net Banking (ASBA)
      2. Registrar’s Website (R-WAP Facility)

      Steps to apply forBannari Amman Spinning Mills Rights Issue using Net Banking (ASBA)

      1. Log in to the net banking account of your bank.
      2. Go to the ‘IPO & Rights Issue’ section.
      3. Check if the Bannari Amman Spinning Mills Rights Issue available on the list.
      4. Click the Apply button next to the Shoppers Stop Rights Issue.
      5. Fill in and check your information.
      6. Submit the application.

      Note: Your bank may not offer this facility to certain rights issues. In that case, you may have to choose the option below.

      Steps to apply for 

      1. Visit the registrar’s website
      2. Go to the ‘Rights Issue’ section
      3. Select L&T Finance Holdings Rights Issue from the dropdown.
      4. Enter Demat Account Number.
      5. Fill the online application form.
      6. Validate and submit the application.
      7. L&T Finance Holdings

    9.  Rights Issue using Registrar’s website (R-WAP)

    Leave a Reply

    Your email address will not be published. Required fields are marked *

    %d bloggers like this: